Italian ministers and European Union officials gave a cool reception to a proposal by Matteo Renzi that Italy flout the EU’s fiscal rules for the next five years. Renzi, proposed Italy should run a stable budget deficit of 2.9 percent of gross domestic product for five years instead of trying to lower the deficit towards zero. Source Reuters
The A6 was cut off Saturday morning in both directions at the border between the Saone-et-Loire and the Rhône, by the prefect as a precaution against the expected mobilisation of “yellow vests”. Source Ledauphine
The Elysée was in castle mode on Saturday, December 8 for Act IV of the Yellow Vests. If Emmanuel Macron stayed on the spot, everything was ready to take him away from the hustle and bustle of Paris if the day went wrong. Source Le Dauphine
India’s monthly oil imports from Iran plunged to their lowest in a year in November with Tehran dropping two places to become only the sixth biggest supplier after New Delhi cut purchases due to the impact of U.S. sanctions, according to ship tracking data and industry sources. Source: Reuters
